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‘Stop intrusions at sea to avoid miscalculations’
Cagayan de Oro City 2nd District Rep. Rufus Rodriguez yesterday urged China to stop its intrusion in the West Philippine Sea and the 200-mile exclusive economic zone of the Philippines to show sincerity that Beijing really wanted to avoid “miscalculations” with the United States......»»
Resumption of FTA talks seen to spur higher EU investments
The Philippine Economic Zone Authority expects investments from European companies to increase with the resumption of the Philippines – European Union free trade agreement negotiations......»»
Navy: 2 Chinese research vessels out of Philippine’s EEZ
Two Chinese research vessels spotted “loitering” and doing research in the Philippine Rise, in the Philippines’ eastern seaboard, have left the country’s exclusive economic zone the Philippine Navy said yesterday......»»
Senator calls out loitering China vessels in Philippines Rise
Chinese vessels were caught “loitering” and doing research in Benham Rise, also called Philippine Rise, which is within the country’s exclusive economic zone, Sen. Francis Tolentino said yesterday......»»
Ecozone investments up 19 percent in 2 months
Investments approved by the Philippine Economic Zone Authority grew at a robust pace in the first two months of the year, making it on track with its investment approval targets for the year......»»
PEZA OKs P2.21 billion investments
The Philippine Economic Zone Authority has approved P2.21 billion worth of investments during its first board meeting last week......»»
Senate reworks vetoed Bulacan ecozone bill
A Senate panel tackled yesterday a proposed measure that would “cure and address” the proposal to create the Bulacan Airport City Special Economic Zone vetoed by President Marcos on his first full day in office......»»
IP use in ecozones promoted
The Intellectual Property Office of the Philippines has partnered with the Philippine Economic Zone Authority to promote the use of the intellectual property system in ecozones......»»
Employee who drove away street kids using broom transferred
MANDAUE CITY, Cebu — The Lapu-Lapu employee who drove away street kids sleeping on the welcome signage of the Mactan Economic Zone 1 was transferred to a different department. The video of the incident went viral online and gained mixed reactions from netizens. In the video, the employee was seen approaching the kids with a.....»»
Data centers: Philippine’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»
Data centers: Phl’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»
PEZA, SMBC, RCBC partner to attract Japanese investments
The Philippine Economic Zone Authority has partnered with Sumitomo Mitsui Banking Corp. and Rizal Commercial Banking Corp. in a bid to attract more investments from Japan......»»
‘No tax breaks for eco-zone work-from-home firms’
Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»
Higher shipping costs loom as Red Sea route suspended
The suspension of Red Sea routes by major shipping lines because of the continued attacks of Iran-backed Houthi rebels in Yemen is expected to result in higher shipping rates and delay the trade of goods which may affect exporters from ecozones, the Philippine Economic Zone Authority said yesterday......»»
Backgroungder: The Republic of Nauru
HONG KONG, Jan. 15 (Xinhua) -- The Republic of Nauru announced Monday that it will recognize the one-China principle and sever "diplomatic relations" with Taiwan. Nauru is an island country in the Central Pacific with a land area of 21.1 square kilometers and a marine exclusive economic zone of 320,000 square kilometers. Nauru's population is about 13,000. Most of them are of Micronesian origin, and the r.....»»
Backgroungder: The Republic of Nauru
HONG KONG, Jan. 15 (Xinhua) -- The Republic of Nauru announced Monday that it will recognize the one-China principle and sever "diplomatic relations" with Taiwan. Nauru is an island country in the Central Pacific with a land area of 21.1 square kilometers and a marine exclusive economic zone of 320,000 square kilometers. Nauru's population is about 13,000. Most of them are of Micronesian origin, and the r.....»»
Ecozone regulator wooing more Japan investors
The Philippine Economic Zone Authority is eyeing to grow investments from Japanese investors to as much as P80 billion this year, as it continues to be aggressive in its investment promotion efforts in the East Asian market......»»
‘No risk of political reform in economic Cha-cha’
Apprehensions over possible insertion of political reforms like lifting of term limits for elected officials are misplaced since the ongoing economic Charter change in Congress covers only economic provisions, according to former Supreme Court justice Adolfo Azcuna......»»
Economic Cha-cha to boost FDI – BSP
Amending the restrictive economic provisions in the 1987 Constitution will likely attract more foreign investments in the country and stimulate economic growth, according to the Bangko Sentral ng Pilipinas......»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»